Economics

Documents and sources

Keith G. Lumsden Economics. - Heriot-Watt University, 2011

Course Plan

Week Lectures Seminars
1 Economic Concepts, Issues and Tools Economic Concepts, Issues and Tools
2 Demand Demand
3 Supply Supply
4 The Market. Economic Efficiency The Market. Economic Efficiency
5 Organisation of Industries Organisation of Industries
6 Public Goods and Externalities. Income Distribution Public Goods and Externalities. Income Distribution
7 International Sector International Sector
8 Potential Output. The Circular Flow of Income Potential Output. The Circular Flow of Income
9 A Simple Model of Income Determination. Expanded Model of Income Determination A Simple Model of Income Determination. Expanded Model of Income Determination
10 Fiscal Policy. Money, the Central Bank and Monetary Policy Fiscal Policy. Money, the Central Bank and Monetary Policy
11 The Quantity Theory and the Keynesian Theory of Money. Integration of the Real and Monetary Sectors of the Economy The Quantity Theory and the Keynesian Theory of Money. Integration of the Real and Monetary Sectors of the Economy
12 Inflation and Unemployment. Economics and the World Today Inflation and Unemployment